Cooperatives Act Article 74

A director, supervisor, or liquidator of a cooperative who commits any of the following acts shall be subject to a fine of not less than NT$4,000 and not more than NT$20,000, and shall be required to correct the misconduct within a specified time limit; if correction is not made within the time limit, consecutive punishments will be imposed:1. Failing to prepare, produce, compile, file, present, or submit the related registers and documents pursuant to the provisions of Article 35, Paragraph 1 of Article 36, Paragraph 1 of Article 63, or Article 65, or making false records;2. Evading, hindering, or refusing a member or creditor of the cooperative looking over the documents pursuant to the provisions of Article 37;3. Violating the provisions of Article 40-1 or Article 63-1;4. Failing to apply for an announcement of bankruptcy in the circumstances specified in Article 56.